Gigacloud Technology Inc · NASDAQ:GCT
Gigacloud Technology — Q2 2023 Earnings Presentation
17 slides from Gigacloud Technology's earnings presentation, August 2023
Slide 1: Q2 & H1 Earnings Presentation
Q2 & H1 Earnings Presentation August 2023
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has been prepared by GigaCloud Technology Inc (the “Company”) solely for informational purposes and should not be construed to be, directly or indirectly, in whole or in part, an offer to buy or sell and/or an invitation and/or a recommendati
Slide 3: Our Mission Statement
Our Mission Statement GigaCloud Technology is a leading B2B marketplace provider, striving to empower the future of global e-commerce landscape With a meticulously developed and comprehensive B2B platform coupled with decades of industry experience, GigaCloud delivers success to large parcel & e-com
Slide 4: Financial Highlights
Financial Highlights GigaCloud at a Glance Strong Financials Tremendous Scale Extensive Reach $153.1M / 23.5% $280.9M / 18.8% $607.5M 665 Revenue / YoY Growth Revenue / YoY Growth Active Sellers GigaCloud Marketplace GMV LTM ended June 30, 23 Q2’22 to Q2’23 H1’22 to H1’23 LTM ended June 30, 23 47.1%
Slide 5: Challenges of the Existing Supply Chain Model
Challenges of the Existing Supply Chain Model 1 Too Many Touchpoints 2 Prolonged Delivery Time 3 Fragmented Market 4 Limited SKUs Selection 5 High Inventory Carrying Costs 5
Slide 6: Supplier Fulfilled Retailing: Multi-Directional Trade, Uni-Directional Fulfillment
Supplier Fulfilled Retailing: Multi-Directional Trade, Uni-Directional Fulfillment RESELLER PHYSICAL MOVEMENT ONLY WHEN SOLD 6
Slide 7: Harnessing Pooling Effect to Reduce Inventory Risk
Harnessing Pooling Effect to Reduce Inventory Risk 7
Slide 8: The GigaCloud Cycle – Our 1P, 3P, and Logistics
The GigaCloud Cycle – Our 1P, 3P, and Logistics 8
Slide 9: Access to Rapidly Growing Seller Base and GMV
Access to Rapidly Growing Seller Base and GMV Active Sellers Increasing Quickly… … Results in Significant Growth in 3P Seller GMV Number of Active Sellers GigaCloud Marketplace 3P Seller GMV (USD in $mm) 665 $324.7 452 $196.7 Q2’22 Q2’23 LTM ended June 30, 2022 LTM ended June 30, 230 Expansion of Pr
Slide 10: Attractive Buyer Cohort Trends
Attractive Buyer Cohort Trends Key Buyer Trends Q1 2023 Key Statistics GigaCloud Marketplace has witnessed a consistent growth in the spending of active buyers since its establishment 4,351 Active Buyers Buyers who joined in 2022 increased their spend from $34M in Q1’23 Q2’23 to $43M in Q2’23, r
Slide 11: Flexible Trading Tools to Facilitate Transactions
Flexible Trading Tools to Facilitate Transactions 1 Simple Transactions 2 Complex Transactions Drop shipping transactions where GigaCloud picks up Rebate products in GigaCloud warehouse and delivers directly to end customer, without the need for buyer to handle any Margin transaction aspect of
Slide 12: HARDWARE: End-to-End Logistics Capabilities
HARDWARE: End-to-End Logistics Capabilities End-to-End Cross Border Fulfillment Capabilities U.S. Local Resources Strategic locations nationwide Close to major ports Proximity to customers Ocean Transportation Shortened delivery time to end consumer Delivery of goods Covering over 15 ports
Slide 13: SOFTWARE: Data Driven Operations
SOFTWARE: Data Driven Operations Data Driven Technology Stack Powered by AI & Machine Learning Drives Incremental Operating Efficiencies End Customer Data Informs purchase behavior and latest Warehousing Data consumer preferences Seller Data Optimizes inventory levels Leverages AI to establish globa
Slide 14: Q2 Financial Performance Update
Q2 Financial Performance Update Value shown in charts are in million Total GMV Total Revenue Marketplace Service GMV Revenue 40.3% 23.5% Off-Platform Product GMV Revenue $221.6 $158.0 $40.1 $153.1 $124.0 $30.5 $43.3 $32.8 $181.5 $127.5 $91.2 $109.9 Q2’22 Q2'23 Q2’22 Q2'23 Gross Profit Adj. EBITDA 13
Slide 15: H1 Financial Performance Update
H1 Financial Performance Update Value shown in charts are in million Total GMV Total Revenue Marketplace Service GMV Revenue 34.6% 18.8% Off-Platform Product GMV $401.6 Revenue $298.3 $71.4 $280.9 $236.5 $57.4 $64.0 $78.4 $330.2 $240.9 $172.4 $202.6 H1’22 H1'23 H1’22 H1'23 Gross Profit Adj. EBITDA 1
Slide 16: Our Growth Strategies
Our Growth Strategies Expandable platform with significant avenues for growth Grow & Diversify Grow Buyer Base Expand Product Inorganic Growth Seller Base + SKUs & Engagement Service Offerings Opportunities Expand and diversify existing Educate and recruit new Continue leveraging data Active
Slide 17: THANK YOU
THANK YOU 17